Maxim Group Trims Juno Therapeutics Inc (JUNO) Target Price to $34.00

Juno Therapeutics Inc (NASDAQ:JUNO) had its price target lowered by research analysts at Maxim Group from $50.00 to $34.00 in a research report issued to clients and investors on Wednesday. The firm currently has a “buy” rating on the biopharmaceutical company’s stock. Maxim Group’s target price points to a potential upside of 13.79% from the company’s current price.

JUNO has been the subject of a number of other reports. FBR & Co set a $61.00 price target on Juno Therapeutics and gave the stock a “buy” rating in a research report on Friday, August 5th. Vetr downgraded Juno Therapeutics from a “strong-buy” rating to a “buy” rating and set a $38.02 price target for the company. in a research report on Tuesday, August 16th. Standpoint Research initiated coverage on Juno Therapeutics in a research report on Thursday, August 25th. They issued a “buy” rating and a $47.00 price target for the company. BTIG Research initiated coverage on Juno Therapeutics in a research report on Tuesday, August 30th. They issued a “sell” rating and a $23.00 price target for the company. Finally, Zacks Investment Research upgraded Juno Therapeutics from a “sell” rating to a “hold” rating in a research report on Tuesday, September 6th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $43.13.

Juno Therapeutics (NASDAQ:JUNO) traded down 27.21% during midday trading on Wednesday, reaching $21.75. 14,537,509 shares of the company were exchanged. The company has a 50-day moving average of $27.93 and a 200 day moving average of $33.09. The firm’s market capitalization is $2.23 billion. Juno Therapeutics has a 52 week low of $19.41 and a 52 week high of $57.82.

Juno Therapeutics (NASDAQ:JUNO) last posted its earnings results on Wednesday, November 9th. The biopharmaceutical company reported ($0.57) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.52) by $0.05. The company had revenue of $20.80 million for the quarter, compared to analysts’ expectations of $10.98 million. During the same period in the previous year, the business posted ($0.26) earnings per share. The business’s quarterly revenue was up 1200.0% compared to the same quarter last year. Equities analysts predict that Juno Therapeutics will post ($2.54) earnings per share for the current year.

In other Juno Therapeutics news, CEO Hans Edgar Bishop sold 84,035 shares of Juno Therapeutics stock in a transaction dated Wednesday, September 21st. The stock was sold at an average price of $30.28, for a total value of $2,544,579.80. Following the transaction, the chief executive officer now owns 2,518,537 shares in the company, valued at $76,261,300.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Robert Azelby sold 12,921 shares of Juno Therapeutics stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $24.14, for a total value of $311,912.94. Following the completion of the transaction, the executive vice president now owns 48,640 shares in the company, valued at approximately $1,174,169.60. The disclosure for this sale can be found here.

A number of institutional investors have recently bought and sold shares of JUNO. Rockefeller Financial Services Inc. raised its stake in shares of Juno Therapeutics by 1,433.2% in the third quarter. Rockefeller Financial Services Inc. now owns 3,465 shares of the biopharmaceutical company’s stock worth $104,000 after buying an additional 3,239 shares during the last quarter. Advisor Group Inc. raised its stake in shares of Juno Therapeutics by 51.4% in the third quarter. Advisor Group Inc. now owns 3,815 shares of the biopharmaceutical company’s stock worth $115,000 after buying an additional 1,296 shares during the last quarter. Panagora Asset Management Inc. raised its stake in shares of Juno Therapeutics by 55.0% in the third quarter. Panagora Asset Management Inc. now owns 4,200 shares of the biopharmaceutical company’s stock worth $126,000 after buying an additional 1,490 shares during the last quarter. Societe Generale acquired a new stake in shares of Juno Therapeutics during the second quarter worth $153,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Juno Therapeutics during the second quarter worth $153,000.

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Juno Therapeutics Company Profile

Juno Therapeutics, Inc (Juno) is a biopharmaceutical company focused on re-engaging the body’s immune system to revolutionize the treatment of cancer. The Company is developing cell-based cancer immunotherapies based on its chimeric antigen receptor (CAR) and T cell receptor (TCR) technologies to genetically engineer T cells to recognize and kill cancer cells.